Crypto market maker and Web3 investment firm DWF Labs says it is investing up to $75 million in decentralized finance projects that could support institutional adoption. The firm shared its announcement via X on Wednesday, saying the fund will support projects…

Oikus’ latest report shows that more than 60 per cent of property listings in Nigeria contain inaccurate information, a trend undermining investor confidence and distorting housing decisions. In this interview with JOSEPHINE OGUNDEJI, Oikus Chief Executive Officer, Israel Ihaza explains…

BitMine chair Tom Lee has seemingly eased off his widely promoted $250,000 year-end Bitcoin forecast, now only giving it a “maybe” that Bitcoin can reclaim its October all-time high of $125,100 before the end of the year.“I think it’s still…

Systemic operational and infrastructure inefficiencies are costing Ibom Air more than N32bn annually, according to the airline’s Acting Chief Executive Officer, George Uriesi. The airline chief spoke at the FAAN National Aviation Conference recently held in Lagos. Uriesi revealed that Nigerian…

Tokenized money market funds are emerging as one of the most important yield-bearing assets on public blockchains, offering money-market returns and securities-level protections that stablecoins can’t provide, according to a new report from the Bank for International Settlements (BIS).According to…

United Nigeria Airlines has announced the commencement of direct flight operations from both Murtala Muhammed International Airport Terminal 2, Lagos, and Nnamdi Azikiwe International Airport, Abuja, to the General Tunde Idiagbon International Airport, Ilorin. The airline made this known through a…

Blockchain analytics provider Glassnode reported a “strong negative correlation” between Bitcoin’s and USDt’s activity over the last two years.In a Wednesday X post, Glassnode shared a comparison between Bitcoin’s (BTC) price and net flows of USDt (USDT) to exchanges starting…

Jet fuel price volatility is hitting airlines unevenly across global markets as weakening local currencies deepen cost pressures, according to new insights from the International Air Transport Association. According to a statement issued by the body, “The first chart of the…

UFC star Conor McGregor criticized former rival Khabib Nurmagomedov for his non-fungible token (NFT) drop on Telegram, which featured digital “papakhas” — a traditional hat worn in Nurmagomedov’s native country of Dagestan. “There is just no way good guy Khabib used…

Sell-offs in the stocks of BUA Cement (-4.76 per cent), Cadbury (-9.92 per cent) and Meyer (-9.91 per cent), among others, dragged the market capitalisation of the Nigerian Exchange Limited down by N444.32bn on Wednesday. The negative trading resulted in…

Binance has launched a concierge-style service designed for family offices, asset managers, and private funds taking their first steps into the crypto space.According to the exchange on Wednesday, the new service offers personalized onboarding with dedicated managers, support for over…

Nigeria has restated its commitment to upholding and advancing global aviation safety regulations as the country’s delegation, led by the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, joined global leaders at the 42nd Assembly of the International Civil Aviation…

S&P Global Ratings has downgraded Tether’s USDt to the lowest score on its stablecoin stability scale, questioning the token’s ability to maintain its dollar peg.The “weak” assessment was due to several factors, including Tether backing USDt (USDT) with “higher-risk” assets…

Smoothwave Entertainment Ltd. has launched Taxizi, a new mobile application designed to simplify tax calculation and improve compliance for Nigerians across multiple sectors. The app, now available on iOS, Android, the Play Store, and the web, allows users to instantly…

The government of Bolivia will integrate cryptocurrencies and stablecoins into the financial system in a push to modernize the country’s economy, Bolivia’s economic minister, Jose Gabriel Espinoza, announced on Tuesday.Banks will be allowed to custody crypto on behalf of clients,…